Word: impaction
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...falling) and far exceeds the $7.1 trillion mortgage market and $4.4 trillion U.S. treasuries market, notes Harvey Miller, senior partner at Weil, Gotshal & Manges. "It could be another - I hate to use the expression - nail in the coffin," said Miller, when referring to how this troubled CDS market could impact the country's credit crisis...
...meltdown in the CDS market has potentially even wider ramifications nationwide than the subprime crisis. If bond insurance disappears or becomes too costly, lenders will become even more cautious about making loans, and this could impact everyone from mortgage-seekers to municipalities that need money to fix roads and build schools. "We're seeing players in all of those spaces being more circumspect about whose credit they're going to guarantee and what exactly the credit obligation is," said Ellen Marshall, partner at Manatt, Phelps & Phillips...
...school and a strong step forward in promoting better health among the doctors of tomorrow. The ban, which was announced by HMS Dean Jeffery S. Flier last Monday, is not only going to encourage students, faculty, and staff to kick their habits, but will also minimize the impact of second-hand smoking on non-smokers. And while most patients don’t normally take smoking breaks with their physicians, the hypocrisy of a smoker imparting health advice certainly does damage to the doctor-patient relationship. Beyond the merits of the ban itself, the method of implementation is laudable...
...NIH’s funding has seen a real-dollars decline in the last three years, leading many scientists to criticize Congress and the White House for stifling biomedical research. “The 13-percent loss in real dollars over the last five years is having a cascading impact that is slowing progress and threatening future research that could lead to cures and even ways to prevent disease,” Faust said in her Senate testimony on Tuesday morning. The additional funding represents an 8.4 percent increase over this year’s budget—well above...
...behind Clinton and Missouri's Claire McCaskill is supporting Obama. But Senators have the luxury of six-year terms whereas the House members go back to the polls in eight months, and whoever is facing off John McCain at the top of the Democratic ticket could have a major impact on their own races - a concern many freshmen have voiced about Clinton behind closed doors. Democrats won control of Congress in 2006 on the backs of the freshmen, and their swing districts are crucial must-wins for any presidential candidate on either side of the aisle...